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NEW YORK (TheStreet) -- Advanced Micro Devices was falling -0.5% to $3.95 Tuesday after announcing the pricing of $500 million of senior notes due 2024.
AMD expects net proceeds from the offering and sale of the 7% senior notes of about $490 million after deducting the initial purchasers' discounts and estimated offering expenses. The chipmaker will use the net proceeds to fund the purchase of all 8.125% senior notes due 2017 that are early tendered. Any remaining proceeds will be used to redeem any remaining 8.125% senior notes.
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